Paraguay raids ex-president’s home: Why a bank crash brought down Pena

AI Summary

Paraguay's former president Santiago Pena is facing financial-crime charges after Ueno Bank collapsed, affecting a large share of the country's population. Authorities raided his home as the bank failure prompted scrutiny of the political and financial fallout.

Santiago Pena faces charges of financial crimes following Ueno Bank's collapse, impacting half of Paraguay's population.